FinCap infographics

Managing money well day to day

Preparing for life events Less than

3 in 10

SIX out of TEN

of the working age population have savings of 3 months income or more

people have a savings buffer of £500

1 in 3

of people either revolve a credit card or use high cost short term credit

of people at retirement age have any form of plan for funding long term care

HALF

% of adults do not know their current account balance within £50

12 million

£

Only about

Dealing with financial difficulties

28%

people have financial goals and a plan in place to achieve these

23%

41

Only

£

£

people are not saving enough for their retirement (DWP, 2014)

£

of people with families have life cover

1 in 6

Just under

£

people are over indebted (Money Advice Service/ CACI, 2015)

£

1 in 6

over indebted people are currently seeking help (Money Advice Service, 2013)

Financial capability

4 in 10 22% of people could not read the balance on a bank statement

(an increase from 9% in 2005)

FIVE in TEN have a mindset that focuses on their current needs and wants, at the expense of providing for the future

people in retirement had not been online in the past week

40%

of people do not understand the impact of inflation on the real value of money (up from 21% in 2005)